White Clarke Group has acquired asset finance software provider Insyston, with the objective of complementing capabilities in its asset finance software.
White Clarke Group is known for its CALMS software, designed to provide support to automotive and asset finance operations. Founded in 1998, Insyston is based in Sydney, Australia. Insyston moved its asset finance software to a “software as a service” (SaaS) model three years ago.
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The Insyston products are intended to provide a complement to the CALMS suite by adding asset finance functionality in areas such as specialist assets, managed services, various funding structures and securitization.
David Slider, group executive vice president at White Clarke Group, said: “We are excited to help serve Insyston’s existing large customer base going forward and to expand the CALMS platform by making the benefits of the Insyston solution globally accessible.”
Stephen MacMillan, founder of Insyston, said: “We are thrilled to be part of a team with a proven track record and international experience. By joining our forces, we continue to strengthen our position in Australia and we are excited to take the Insyston product into new markets.”
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